By Wendy Van Sickle
Columbus, Ohio, June 8 – GS Finance Corp. priced $10.69 million of 5.15% autocallable fixed-coupon barrier notes due March 1, 2022 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial share price on any monthly observation date after six months.
The payout will be par unless the stock has finished below its 78% barrier level, in which case investors will lose 1% for each 1% decline of the stock from its initial share price.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed-coupon barrier notes
|
| Underlying stocks: | Apple Inc.
|
| Amount: | $10,692,000
|
| Maturity: | March 1, 2022
|
| Coupon: | 5.15%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless stock has finished below barrier level, in which case investors will lose 1% for each 1% decline of least-performing stock from its initial share price
|
| Call: | At par if stock closes at or above initial share price on any monthly observation date after six months
|
| Initial share price: | $124.28
|
| Barrier level: | $96.94, 78% of initial share price
|
| Pricing date: | June 1
|
| Settlement date: | June 4
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 40057HEP1
|
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